The Hindu Business Line : Saturday, June 21, 2003

Maruti share may be priced Rs 122-125
THE overwhelming response for the Maruti Udyog Ltd's initial public offer (IPO) has resulted in the Inter-Ministerial Group (IMG) deciding to recommend a cut-off price in the range of Rs 122-125 for a Rs 5 share against the floor price of Rs 115 ... More

TCS crosses $1-b revenue mark
TATA Consultancy Services (TCS) on Friday announced that it has crossed the $1-billion revenue mark for 2002-03. The company, however, did not disclose its profit earnings for the year. "TCS has recorded revenues of Rs 5,012 crore ($1.04 ... More

Call centres exempt from service tax
THE Finance Ministry has said that the eight per cent tax on new services announced in the 2003-04 Union Budget would be effective July 1, even as it clarified that medical transcription and call centres and computer, vocational and recreational ... More

IA, AI launch scheme to fly more passengers
IN a bid to enlarge the membership of its frequent flyer programme (FFP), Indian Airlines (IA) on Friday introduced a new short-term promotional scheme, `Fly more.' The new scheme will be valid for travel from July 1 to December 31 this ... More

HLL to transfer vanaspati biz to US co Bunge
HINDUSTAN Lever Ltd (HLL) has found a buyer for its popular vanaspati brand, Dalda. The company on Friday informed that its edible oils and fats business in India and Nepal, which contributed Rs 388 crore to HLL's topline, is being transferred ... More

Toilet soaps work up 4.5 pc lather in April
THE Rs 4,350-crore toilet soap market has grown by around 4.5 per cent in April after degrowing for almost two years at a stretch. According to industry projections, while the growth of the category in the premium segment has been rather slow, ... More

Star seeks nod for news uplink
STAR Group on Friday announced that an application had been made to the I&B Ministry for the permission to uplink the Star News Channel from India.The application is under the guidelines issued by the Government for uplinking News and Current ... More

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